Last year Burford Company's cash account decreased by $19,000.Net cash used in investing activities was $9,000.Net cash provided by financing activities was $16,000.On the statement of cash flows,the net cash flow provided by (used in)operating activities was:

Question

Quizplus · Accepted Answer

Net change in cash and cash equivalents = Net cash provided by (used in)operating activities + Net cash provided by (used in)investing activities + Net cash provided by (used in)financing activities
-$19,000 = Net cash provided by (used in)operating activities - $9,000 + $16,000
Net cash provided by (used in)operating activities = -$19,000 + $9,000 - $16,000 = -$26,000

Last Year Burford Company's Cash Account Decreased by $19,000